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Banking Act 2009 (2009 c 1)

The 2009 Act addresses financial stability, providing a framework for the resolution of failing banks. It introduced the Special Resolution Regime (SRR), allowing authorities to intervene to protect the economy and public confidence. The legislation bolsters the powers of the Bank of England and HM Treasury, enabling pre-emptive measures to manage liquidity crises. Key developments include the introduction of the bank insolvency and administration procedures, ensuring continuity of essential banking functions. This Act was enacted following the global financial crisis to enhance the resilience and stability of the UK's financial system.

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Banking Act 2009 (2009 c 1)

The 2009 Act addresses financial stability, providing a framework for the resolution of failing banks. It introduced the Special Resolution Regime (SRR), allowing authorities to intervene to protect the economy and public confidence. The legislation bolsters the powers of the Bank of England and HM Treasury, enabling pre-emptive measures to manage liquidity crises. Key developments include the introduction of the bank insolvency and administration procedures, ensuring continuity of essential banking functions. This Act was enacted following the global financial crisis to enhance the resilience and stability of the UK's financial system.

Quick and comprehensive access to the most accurate, up-to-date legislation.

桔子视频 traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

TAKE A FREE TRIAL

Banking Act 2009 (2009 c 1)
[8A . . .] [12B . . .] 22 . . . [26A . . . Reverse share transfer [instruments]] 38 . . . [48I . . .] [48J . . .] [48K . . .] [48M . . .] 72 . . . [89B . . .] [89C . . .] [89D . . .] [89E . . .] [89F . . .] [89G . . .]

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